Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Members of the House of Representatives voted 321 to 103 in favor of the Act in September. Reform advocates, including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.
An unlikely activist fighting for reform in the Commonwealth of Virginia and on Capitol Hill
CBD maker GW Pharmaceuticals lost $8 million in its latest quarter – an improvement over the previous three-month period – but the United Kingdom-based medical cannabinoid company warned the COVID-19 pandemic could hit sales if fewer patients visit their doctors. Revenue in the quarter ending March 31 reached $120.6 million, up from $91 million and $109.1 […]
A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that sells CBD-infused coffee, and their Nicaraguan […]
Hemp Industry Daily hosted a webinar looking at ways CBD and hemp businesses can navigate the challenges of operating in the U.S. during the COVID-19 pandemic. In the free webinar, Hemp Industry Daily reporter Ivan Moreno talks with two executives with experience launching their own businesses. They offered guidance and tips on: Funding and Cash Flow: How to […]
(Editor’s note: This is part of a series on California’s hemp industry. To read the previous installment, click here.) A proposal to legalize hemp-derived extracts in food and beverages in California is on hold as lawmakers focus on coronavirus-related legislation to help the economy, but the bill’s sponsor says she’s bringing it back in August. Supporters […]
As planting season approaches, Massachusetts’ proposed state hemp regulations have received federal approval from the U.S. Department of Agriculture. The state enacted laws governing marijuana and hemp production in 2017, allowing hemp to be grown legally under the 2014 pilot program with oversight by the Massachusetts Department of Agricultural Resources. In its new plan, the state […]
In this guide, NORML highlights various online tools to assist reformers in their advocacy endeavors. As America awaits a return to normal, here are numerous steps that you can take today to keep successfully engaged with pundits, politicians, and other influencers during this pandemic.
Linton and Geoff Whaling, co-founders of the new Austin, Texas-based blank check company Collective Growth Corporation, sat down with Hemp Industry Daily following the company’s listing on the Nasdaq on May 1, to discuss why and how they started the company and what comes next. Hemp supply chain awaits cash infusion as Collective Growth makes […]
In the midst of the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago. For the first three months of the 2020 fiscal year, sales were $8.2 million, down 45% from […]
